Bank of America Corp DE Boosts Stake in Magnite, Inc. $MGNI
Market Beat·- Bank of America Corp DE increased its stake in Magnite, Inc. by 72.6% in the first quarter, owning 1,125,196 shares valued at $13,367,000. - Several institutional investors and hedge funds modified their holdings in the company, while insiders sold 935,251 shares worth $19,046,675 in the last quarter. - Magnite reported $0.26 EPS and $192.82 million in revenue for the quarter, while analysts maintained a consensus rating of "Moderate Buy" with a target price of $28.30.U.S. Bancorp Stock Outperforms Competitors Despite Losses On The Day
MarketWatch Automated·Universal Health Services prices $1.1 billion senior secured notes offering
PUBT·- Universal Health Services priced a USD 1.1 billion senior secured notes offering consisting of two tranches. - The deal includes USD 600 million of 5.500% notes due 2031 and USD 500 million of 6.000% notes due 2036. - The notes are guaranteed by subsidiaries backing the company's senior secured credit facility with major lead underwriters.U.S. Bank Freight Payment Index shows shipper spending up 28.1% as trucking capacity tightens
PUBT·- U.S. Bank released its freight payment index showing that shippers' expenditures increased by 28.1 % year-over-year in the second quarter of 2026. - The data indicates that national freight volume decreased by 2.8 % year-over-year amid tightening truck capacity, while fuel was not the primary driver for rising costs. - Regional performances varied, with the Southwest experiencing a 20.2 % drop in volume alongside a 39.9 % surge in spending.U.S. Bancorp Stock Rises Monday, Still Underperforms Market
MarketWatch Automated·